White House tax plan: Lowers rates, attacks blue states, cuts tons of breaks

Trump administration announces it plans to double the standard deduction to $24,000 for married couples https://t.co/87Ll86zXfv pic.twitter.com/WN72exOYzW

— Washington Examiner (@dcexaminer) April 26, 2017

Trump administration officials outlined President Trump's tax reform plan Wednesday, calling for a plan meant to spur economic growth by lowering rates and aggressively cutting tax breaks. Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn introduced the plan, which hews closely to Trump's campaign proposals but also stakes out new ground, in a media briefing at the White House. Trump was not present. -- More...